Innovation

Experts Say Houston Offers Medical Device Startups a Place to Thrive


By Christine Hall | May 11, 2017

The fireplace in the background may have been simulated, but the chat that took place this week at Johnson & Johnson Innovation’s JLABS @ TMC was definitely on fire.

A high-profile group of Texas Medical Center medical device experts that included William “Billy” Cohn, M.D., vice president of medical devices for Johnson & Johnson’s Center for Device Innovation; Arjun Desai, COO of JLABS and the Center for Device Innovation; William F. McKeon, president and CEO of the Texas Medical Center; and Nick Mourlas, senior director of new ventures for Johnson & Johnson Innovation, discussed topics from funding for medical devices to Houston’s innovation ecosystem, and even advice for President Donald Trump, in a fireside chat moderated by Lance Black., M.D., medical device innovation lead at the TMC Innovation Institute.

Medical devices are on top-of-mind lately, especially following the House of Representatives’ approval of the American Health Care Act (AHCA). A portion of the AHCA promises to do away with the medical device tax that was in the Affordable Care Act to offset health care costs. Opponents of the tax argue that it took funding away from research and development opportunities.

Whatever happens with the tax, putting new medical devices into the hands of physicians and patients is a goal for the Texas Medical Center and one of the reasons Johnson & Johnson is building the Center for Device Innovation on the TMC campus.

CDI @ TMC, which is slated to open in November, will bring in promising medical device entrepreneurs who will have the opportunity to get their products into hospitals, “… all without buying a single plane ticket,” Cohn said.

In addition to the offerings the CDI and TMC’s TMCx medical device accelerator program provide for the city, Houston Mayor Sylvester Turner recently announced an innovation task force aimed at attracting ideas to Houston–and keeping them here.

“Many ideas have been born in Houston only to disappear to the coasts while following venture capital,” McKeon said. “It’s difficult for venture capital to find all that we have to offer in one space, and we are all about people understanding the opportunities here.”

Desai, a relative newcomer to Houston, echoed that sentiment, saying people had told him Houston was making progress, and he wanted to see it himself.

“Those easy wins we see out of TMCx, JNJ and AT&T are going to bring everyone here,” he added.

When it came to advice for entrepreneurs, here’s what the experts had to say:

Mourlas: “Find a clinical need you are passionate about, because it is going to be a long and bumpy road. That will help you when you recruit team members and investors, because they will want to see that passion.”

Cohn: “Pick a project you are into, be manic when you describe it and drive it like you stole it.”

McKeon: “Starting a company is one of the most courageous things you can do. It is often a lonely experience, not just for you, but for your family and friends. It is a seven-day-a-week job and it all rises and falls on your spirit.”

Desai: “At the end of the day, it has to be all about the patient first.”




Social Posts

profile_image

MD Anderson Cancer Center

@MDAndersonNews

Myth: #Pain is just physical.Learn the truth from our @uzo_md and read his advice for getting the right treatment: https://t.co/wIXQFSImcE #endcancer

2 hours ago
profile_image

Veterans Affairs

@DeptVetAffairs

Tens of thousands of volunteers laid wreaths at VA national cemeteries across the U.S. as part of National Wreaths Across America Day Dec. 14. https://t.co/ENkDR3bqxB

4 hours ago
profile_image

MD Anderson Cancer Center

@MDAndersonNews

“We need to better understand why #probiotics don’t help and may even be harmful,” says our @carrie_d_mac of the microbiome’s link to the effectiveness of #immunotherapy. #endcancer https://t.co/t6fulbhDcH

5 hours ago
profile_image

BCMHouston

@bcmhouston

Learn how Dr. Zachary Pallister stays fit in this week's Healthy Habits. https://t.co/GLO29z2W2u #healthy #habits

6 hours ago
profile_image

Veterans Affairs

@DeptVetAffairs

VA mom helping women Veterans… inspired by her Navy daughter https://t.co/immmo4yLt9 via #VAntagePoint

6 hours ago
profile_image

MD Anderson Cancer Center

@MDAndersonNews

“When I first made eye contact with @MAOnstad, I knew I was where I was supposed to be,” says #uterinecancer survivor Tralisa Woods: https://t.co/iCEfVL0tGj #gyncsm #endcancer

6 hours ago
profile_image

Veterans Affairs

@DeptVetAffairs

VA’s Office of Mental Health and Suicide Prevention supports proposed three-digit dialing code for suicide hotline https://t.co/a6hiRA6I7Q via #VAntagePoint

8 hours ago
profile_image

Memorial Hermann

@memorialhermann

@skologinczak We'd like to hear more about your experience. Please send your contact information and Memorial Hermann location to help@memorialhermann.org so we can look into this.

9 hours ago
profile_image

Memorial Hermann

@memorialhermann

@skologinczak We'd like to hear more about your experience. Please send your contact information and Memorial Hermann location to help@memorialhermann.org so we can look into this.

9 hours ago
profile_image

BCMHouston

@bcmhouston

Wondering what you should be eat to fuel your workout? Registered dietitian, Roberta Anding, breaks it down. https://t.co/BRhtzvO48R #exercise #workouts

10 hours ago
profile_image

Houston Methodist

@MethodistHosp

@Nanomed_hmri Appreciate the share.

10 hours ago
profile_image

Houston Methodist

@MethodistHosp

@RobertaS_CIO @InnoMapHou @nataliejharms Appreciate the shout-out.

10 hours ago
profile_image

Houston Methodist

@MethodistHosp

@lifecourseUofT Thanks for the shout-out.

11 hours ago
profile_image

BCMHouston

@bcmhouston

Dr. Atif Iqbal with @BCM_Surgery discusses the human papillomavirus virus and the rise of anal cancer. https://t.co/GhsLd2flaJ #HPV

12 hours ago
profile_image

University of Houston

@UHouston

RT @UHCougars: .@UHouston students, don't forget to claim your ticket!Don't miss out on a 👔𝘽𝙇𝙐𝙀 𝙎𝙃𝙄𝙍𝙏 𝙍𝙀𝘿 𝙏𝙄𝙀 𝙏-𝙎𝙃𝙄𝙍𝙏!! 🤯🎟️| https://…

1 day ago